Org.nr 998 019 729 2013 → 2014 Year-over-year analysis

ABS FREDRIKSTAD AS: årsregnskap 2014 vs 2013

Shrank 69% on revenue, cash halved-plus

approved 2015-08-03; registry 2015-08-05; journal 2015 680377

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ABS FREDRIKSTAD AS. Revenue 1.39m NOK → 428.9k NOK (-69.1%). Equity 7.28m NOK → 113.2k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABS FREDRIKSTAD AS.

At a glance

Revenue

1.39m NOK 428.9k NOK

-69.1%

Operating result

+325.8k NOK -245.9k NOK

-175.5%

Equity

7.28m NOK 113.2k NOK

-98.4%

Cash

621.1k NOK 163.8k NOK

-73.6%

Total assets

213.3k NOK 163.8k NOK

-23.2%

↓
Revenue fell

Operating income / revenue moved from 1.39m NOK to 428.9k NOK (-69.1% YoY). Calculated
↓
Operating result weakened

Operating result +325.8k NOK → -245.9k NOK (op. margin 23.5% → -57.3%). Calculated
↓
Equity eroded

Book equity 7.28m NOK → 113.2k NOK (equity ratio 3412.2% → 69.1%). Calculated
↓
Cash fell

Bank deposits 621.1k NOK → 163.8k NOK (-73.6% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 886.9k NOK → 8.56m NOK (64% → 1996% of revenue). Calculated